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The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of

The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of social security tax to be withheld from each employees gross pay for December. Assume a 6.2 percent social security tax rate and an earnings base of $132,900 for the calendar year.

Employee No. December Salary Year-to-Date Earnings Through November 30 Soc. Sec. Taxable Earnings December Social Security Tax 6.20%
1 $9,700 $98,800
2 9,800 69,800
3 10,520 115,720
4 9,800 99,800

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